Alpha and Omega Semiconductor Limited Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States Distric
Alpha and Omega Semiconductor Limited Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for Southern District of New York against Alpha and Omega Semiconductor Limited
UPCOMING LEAD PLAINTIFF DEADLINE IS MAY 18, 2020
PR Newswire
NEW YORK, April 1, 2020
NEW YORK, April 1, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors of the upcoming May 18, 2020 deadline to file a lead plaintiff motion in the federal securities class action filed in the United States District Court for the Southern District of New York on behalf of Alpha and Omega Semiconductor Limited ("Alpha and Omega" or the "Company") (NASDAQ: AOSL) investors who purchased securities between August 7, 2019 and February 5, 2020, inclusive (the "Class Period").
All investors who purchased shares of Alpha and Omega Semiconductor Limited and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the shares of Alpha and Omega Semiconductor Limited. you may, no later than May 18, 2020, request that the Court appoint you lead plaintiff of the proposed class.
## Follow the firm and learn about newly filed cases on Twitter and Facebook ##
On February 5, 2020, post-market, Alpha and Omega issued a press release announcing its financial results for the second fiscal quarter of 2020. Therein, the Company disclosed that the United States Department of Justice "recently commenced an investigation into the Company's compliance with export control regulations relating to certain business transactions with Huawei and its affiliates ('Huawei')." Moreover, "[i]n connection with this investigation, [the Department of Commerce] has requested the Company to suspend shipments of its products to Huawei." Alpha and Omega stated that "financial performance in the March quarter will be negatively impacted by the Huawei shipment interruption and by additional professional fees incurred in connection with the investigation."
On this news, Alpha and Omega's stock price fell $1.48 per share, or 12%, to close at $10.85 per share on February 6, 2020, on unusually heavy trading volume.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View original content to download multimedia:http://www.prnewswire.com/news-releases/alpha-and-omega-semiconductor-limited-class-action-alert-wolf-haldenstein-adler-freeman--herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-southern-district--301033526.html
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.